Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at Jefferies Group lowered their Q3 2018 EPS estimates for shares of Donaldson in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander now forecasts that the industrial products company will earn $0.52 per share for the quarter, down from their previous estimate of $0.53. Jefferies Group currently has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Donaldson’s Q3 2019 earnings at $0.57 EPS.
A number of other equities research analysts have also recently commented on DCI. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Monday, November 27th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. SunTrust Banks reissued a “hold” rating and issued a $50.00 target price on shares of Donaldson in a research note on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price (up from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. Finally, Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 7th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson has an average rating of “Hold” and an average price target of $51.00.
Shares of DCI stock opened at $43.86 on Friday. Donaldson has a 12 month low of $42.59 and a 12 month high of $52.20. The company has a market capitalization of $5,697.77, a price-to-earnings ratio of 43.00, a PEG ratio of 2.00 and a beta of 1.12. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The firm had revenue of $664.70 million during the quarter, compared to the consensus estimate of $630.53 million. During the same quarter last year, the company posted $0.35 EPS. Donaldson’s revenue for the quarter was up 20.7% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in DCI. Nationwide Fund Advisors boosted its position in shares of Donaldson by 1.8% during the third quarter. Nationwide Fund Advisors now owns 460,783 shares of the industrial products company’s stock valued at $21,168,000 after buying an additional 8,248 shares during the last quarter. Aperio Group LLC boosted its position in shares of Donaldson by 6.9% during the third quarter. Aperio Group LLC now owns 56,154 shares of the industrial products company’s stock valued at $2,580,000 after buying an additional 3,602 shares during the last quarter. Pictet Asset Management Ltd. purchased a new stake in shares of Donaldson during the third quarter valued at $2,102,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Donaldson during the third quarter valued at $647,000. Finally, Victory Capital Management Inc. boosted its position in shares of Donaldson by 15.8% during the third quarter. Victory Capital Management Inc. now owns 42,580 shares of the industrial products company’s stock valued at $1,956,000 after buying an additional 5,813 shares during the last quarter. 79.14% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Wednesday, February 14th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.64%. Donaldson’s dividend payout ratio (DPR) is presently 70.59%.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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